Limited Downstream Demand, Polyester Yarn Price Tends To Stabilize

According to the price monitoring of the business agency, as of November 10, the spot price of 1.4d polyester staple fiber was about 5888 yuan / ton, down 1.65% about 100 yuan / ton compared with 5987.5 yuan / ton at the beginning of the month; the spot price of 32S polyester yarn in Shandong was about 13375 yuan / ton, up 0.94% from 13250 yuan / ton at the beginning of the month, about 125 yuan / ton.

In terms of supply, as of November 10, the overall load of upstream domestic PTA plant was stable at 85.25%, and domestic PTA supply will continue to maintain a high level in the near future. Polyester comprehensive operating load is stable 88.05%. In the case of rigid demand in China, the support of downstream demand side is insufficient, or supply exceeds demand.

On September 17, a set of 100000 t / a polyester staple fiber plant in Jiangyin was put into operation. The overall production and sales of the plant were 28.75%, and the operation rate of staple fiber remained high and the production and sales rate decreased. At the same time, according to customs statistics, China imported 14500 tons of polyester in September, with an average import price of 1230.84 US dollars / ton, and the import volume decreased by 13.17% month on month. In the current period, 77400 tons of polyester staple fiber were exported, with an average export price of 825.67 US dollars / ton, and the export volume decreased by 5.02% month on month.

In terms of downstream demand, the domestic weaving load is stable at 83.20%, and manufacturers rush to make "double 11" orders. It is expected that the construction will be stable in the near future, and the textile manufacturers will follow up the new single order shrinkage. The comprehensive starting rate of Jiangsu and Zhejiang looms is around 93%, and that of water jet and air-jet looms in Shengze is about 80-90%. In terms of inventory, Shengze area grey fabric weaving inventory for more than 40 days, some manufacturers are difficult to do flat production and sales, began to accumulate.

This small rebound in downstream demand has driven the enthusiasm of the market, and the production enthusiasm of manufacturers has obviously improved, but it will also bring about the possibility of overcapacity. As for the domestic textile fabric industry development boom driven by domestic demand and foreign trade, industry professionals generally believe that the domestic clothing industry is still in a historical predicament In the environment. Experts said that the epidemic has caused impact on China's and even the global supply chain market. The global market has not yet fully recovered and improved. It is too early to talk about the outbreak of China's textile industry at this time. "The whole industry is still in the state of slowing down and getting trapped, and it needs a recovery cycle."